Relativity Media and Universal Pictures recently extended and expanded their co-finance partnership through 2015, which will cover the majority of Universal's slate up until that time. Building on their already-established equity partnership, which has funded recent films such as MAMMA MIA!, THE MUMMY: TOMB OF THE DRAGON EMPEROR, and HELLBOY II: THE GOLDEN ARMY, the expanded partnership is expected to fund 10-15 films per year and will provide billions of dollars of financing during the term.
The agreement represents a significant long-term commitment by Relativity Media to Universal Pictures, as its financing entity Relativity Capital Holdings will co-finance approximately 75 percent of Universal's upcoming releases.
Relativity Capital Holdings is a partnership between Elliott Associates, L.P., a New York- based private investment firm, and Relativity Media LLC and acts as the financing entity for Relativity. It currently has a multi-billion dollar balance sheet and is in the business of financing and acquiring media assets.
